“As small towns elsewhere saw prosperity pass them by in favor of the big cities, something unusual happened to this rural hamlet tucked in the Bitterroot Valley: It flourished.” So begins the Washington Post‘s story about our beloved Hamilton. As you know if you’ve ever considered Hamilton real estate for sale, this once-unknown ranching and agricultural community is defying the odds.
The story lays out some of the factors in Hamilton’s success: “Two local boys came home from college and launched a microbrewery that takes in more than $1 million in annual sales. Retirees arrived in droves, drawn by affordable land and recreation opportunities in the area’s snow-frosted mountains and trout-filled streams. And the federal government’s Rocky Mountain Laboratories opened a state-of-the-art biosafety facility to investigate the deadliest viral diseases, including Ebola… proximity to the state’s second-largest city, majestic surroundings, a good supply of college graduates and a dependable base of federal government employment.”
Hamilton represents a “little-noticed trend,” the Post asserts: the relative rapid growth of Western towns with fewer than 5,000 residents. Hamilton’s population, of 4,728, is up more than 10 percent since 2010. “I don’t see a massive expansion of population. I see a nice steady growth,” Mayor Dominic Farrenkopf told the Post, discussing the manageable pace and character of growth. “I wouldn’t mind adding another 1,000 people to the city.”
The Post story doesn’t discuss real estate, but we’ve noticed one big trend in the Bitterroot Valley: Hamilton real estate for sale is in demand! When we compared our neighborhood market statistics from 2017 vs 2018, Hamilton—along with its neighbor, Stevensville—showed some of the region’s strongest growth. In Hamilton, sales of residential homes in 2018 increased by 9.9 percent over 2017, and the total volume of sales grew by 21.3 percent. There were similar trends in land sales, with a 33.3 percent increase in the median price over 2017, and a 40.9 percent increase in total volume of land sales.
If you’re interested in Hamilton real estate for sale, please call our Hamilton office to speak with an agent! As always, you can browse online for Hamilton Montana real estate, or, if you’re more drawn to a larger city, nearby Missoula real estate.
PHOTO: Hamilton real estate for sale, featuring 700 Sun Mountain Trail. For more information, contact Bobbi J. Lockhart at (406) 880-0117.